Business is booming.

Fed expected to tip on rate hike

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The minutes of the Fed’s May meeting, which will be published at 21.00 CET, are expected to give clues about future rate hikes.

Fed Leader Jerome Powell has committed to continuing interest rate hikes until there are clear and convincing evidence that inflation is falling.

“Today we will see a real shift from a slightly more hawkish tone (Fed report) and full employment (stance) to a guaranteed inflation-fighting axis,” said Mike Mullaney, head of global market research at Boston Partners. “You’re going to see a greater possibility of a recession,” he said.

With the prestige of 16.07 TSI, Dow Jones index futures contracts fell 0.35 percent, while S&P 500 index futures fell 0.36 percent.

Nasdaq 100 index futures fell 0.45%.

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